Volkswagen is investing $5 billion in the US electric vehicle maker Rivian to form a joint venture aimed at advancing both companies’ electric vehicle technologies. This significant infusion of capital is expected to help Rivian develop more affordable and mass-market EVs while leveraging Volkswagen’s extensive manufacturing expertise. However, this collaboration raises questions about market competition and long-term strategic goals as the companies navigate the rapidly evolving EV landscape. Daniel Winter speaks to Joe McCabe, CEO of AutoForecast Solutions, to find out more.
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Author: DW News
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News post in July 3, 2024, 9:04 am.
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